The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saurabh Chhabra, Tilok Chand Chhabra, Fashion ....
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Three members of the promoter group — Saurabh Chhabra, Tilok Chand Chhabra, and Fashion Suiting Pvt Ltd — acquired equity shares via preferential allotment on July 24, 2025. Saurabh Chhabra picked up 1,80,000 shares, raising his stake from 5.08% to 7.03%. Tilok Chand Chhabra got 60,000 shares, with his holding moving from 12.67% to 11.24% (down in percentage terms because the overall share base expanded). Fashion Suiting Pvt Ltd, the largest promoter entity, received 5,00,000 shares, increasing its count from 22,26,062 to 27,26,062 shares (44.24% to 43.96%). The company's total equity share capital grew from Rs 5.03 crore (50,31,750 shares) to Rs 6.20 crore (62,01,350 shares), meaning about 4.29 lakh new shares went to non-promoter allottees as well. No encumbrance, pledge, or invocation is involved — all holdings remain clean.
The promoter group has reaffirmed its commitment by subscribing to the preferential issue, which is generally a confidence signal. However, the preferential allotment has diluted overall promoter shareholding percentage slightly, and existing non-promoter shareholders face equity dilution from the expanded share base.